English, Article edition: On the Local Interaction of Money and Credit Yi Jin; Ted Temzelides

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Bookmark: http://trove.nla.gov.au/version/57872
Physical Description
  • article
Language
  • English

Edition details

Title
  • On the Local Interaction of Money and Credit
Author
  • Yi Jin
  • Ted Temzelides
Physical Description
  • article
Notes
  • We study the coexistence of monetary and credit transactions in a model where exchange is decentralized. Agents belong to different locations which are informationally separated. The equilibrium mix of monetary and credit transactions is characterized as a function of the frequency of meetings among agents from different locations, Credit transactions take place only among a small set of 'neighbors.' Monetary trades emerge only if interactions with faraway locations are sufficiently frequent. Even in that case, trades among nearby locations remain non-monetized. (Copyright: Elsevier)
  • Money and Credit, Local Matching
  • RePEc:red:issued:v:7:y:2004:i:1:p:143-156
Language
  • English
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